Applied Digital (APLD) Property, Plant & Equipment (Net) (2021 - 2026)
Applied Digital's Property, Plant & Equipment (Net) was $6.33 billion in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 333.1% from $1.46 billion a year earlier and up 49.4% from the prior quarter.
Powered by 
Analysis
Applied Digital (APLD) Property, Plant & Equipment (Net) (2021 - 2026) Analysis & Trends
At the end of FY2026 (ended May 31, 2026), Property, Plant & Equipment (Net) at Applied Digital came in at $4.24 billion, up 238.3% from FY2025.
- Property, Plant & Equipment (Net) has now increased for four consecutive fiscal years, with a five-year compound annual growth rate of 1062.0% (FY2021 to FY2026).
- In earlier fiscal years, Property, Plant & Equipment (Net) was $1.25 billion in FY2025 (+280.5%), $329.1 million in FY2024 (+66.1%), $198.15 million in FY2023 (+208.4%) and $64.26 million in FY2022.
- The fiscal Q1 2027 figure marks the highest quarterly Property, Plant & Equipment (Net) in data going back to fiscal Q4 2021.
- Compared with a year earlier, Property, Plant & Equipment (Net) has increased for 15 straight quarters, with growth averaging 248.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Property, Plant & Equipment (Net) ran from 26.2% in fiscal Q3 2024 to 374.6% in fiscal Q3 2025.
- Per Business Quant data, APLD's Property, Plant & Equipment (Net) in the three fiscal quarters before Q1 2027 was $4.24 billion (Q4 2026), $3.01 billion (Q3 2026) and $2 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 313.08 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 5.74 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 703.21 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 25.22 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 13.05 Bn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 46.74 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 227.70 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 134.89 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 140.10 Mn |
| 10 | Applied Digital | 5.62 Bn | -2.57 Bn | 96.17 Mn | 6.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 6.33 Bn |
| May 31, 2026 | 4.24 Bn |
| Feb 28, 2026 | 3.01 Bn |
| Nov 30, 2025 | 2.00 Bn |
| Aug 31, 2025 | 1.46 Bn |
| May 31, 2025 | 1.25 Bn |
| Feb 28, 2025 | 1.00 Bn |
| Nov 30, 2024 | 772.66 Mn |
| Aug 31, 2024 | 478.25 Mn |
| May 31, 2024 | 329.10 Mn |
| Feb 29, 2024 | 211.17 Mn |
| Nov 30, 2023 | 258.51 Mn |
| Aug 31, 2023 | 222.67 Mn |
| May 31, 2023 | 198.15 Mn |
| Feb 28, 2023 | 167.28 Mn |
| Nov 30, 2022 | 132.89 Mn |
| Aug 31, 2022 | 95.10 Mn |
| May 31, 2022 | 64.26 Mn |
| Feb 28, 2022 | 43.62 Mn |
| May 31, 2021 | 20,000.00 |
API Access
Applied Digital Property, Plant & Equipment (Net) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=APLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "ticker": "APLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=APLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();